G’day,
I have added a few comments, circles and lines in some charts below. For the record I am bearish in general and would not feel comfortable going Long with anything in the current short-medium term.
IMHO, it looks like the Australian Financials Index has put in a short-medium term top and may go down with everything else as well, as the US market looks like it is putting in a top as well. We all know what that does for sentiment around the world. Post-Super Tuesday (Election Day) in the US will be interesting too I suspect.
An Accurate Bull:
Nadeem Walayat at Market Oracle (Scroll down the page for relevant stock market articles).
He has been accurate since March 2009 and beyond, and is still bullish.
An Accurate Bear:
Article: Stock Bull Topping
They have been accurate since March 2009 and beyond, but are now bearish.
Any other thoughts out there?..... I’d love a good critical discussion, for or against.
Shonan Trader
WBC Daily
WBC Weekly
WBC Monthly
XFJ Daily
XFJ Weekly
XFJ Monthly
DOW Daily
DOW Weekly
DOW Monthly
DOW Monthly – 10 Year Chart
US Advance Decline Line Daily
US Advance Decline Line Weekly
PS. For the newer HC members of our community, FYI below:
Bullish for Stocks/Commodities
- Falling US$
- Rising EURO vs. US$
- Rising Commodity Channel Index (CCI)
- Falling VIX
- XSO (Australian Small Ords Index – Often ahead of the trend)
Other Useful Links to help with some T/A Jargon:
Stochastic Oscillator (A.K.A. Stochastics. Stochs)
MACD
MACD and Stochastic Crossover
New York Advance/Decline Line
Commodity Channel Index (CCI)
wbc, xfj, dow & us advance/decline line
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Last
$32.10 |
Change
0.520(1.65%) |
Mkt cap ! $110.7B |
Open | High | Low | Value | Volume |
$31.58 | $32.17 | $31.57 | $184.1M | 5.765M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 12479 | $32.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$32.10 | 1035 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 60 | 32.000 |
1 | 1500 | 31.910 |
1 | 31 | 31.880 |
1 | 40 | 31.660 |
1 | 600 | 31.620 |
Price($) | Vol. | No. |
---|---|---|
32.100 | 600 | 2 |
32.110 | 3891 | 2 |
32.120 | 330 | 1 |
32.150 | 1874 | 4 |
32.160 | 1263 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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